Which of the Following Temporary Differences Creates a Deferred Tax

question 20

Multiple Choice

Which of the following temporary differences creates a deferred tax liability?

• A) Accumulated tax depreciation in excess of book depreciation on a building.
• B) Accumulated tax amortization in excess of book amortization on a customer list.
• C) Compensation expensed for book purposes but deferred for tax purposes.
• D) Both "Accumulated tax depreciation in excess of book depreciation on a building" and "Accumulated tax amortization in excess of book amortization on a customer list" create a deferred tax liability."

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Definitions:

Suicidal Behavior

Actions taken by an individual that show an intention to kill oneself or engage in behavior with a significant risk of leading to one's death.

Dialectic

A method of dialogue or argument that involves a process of questioning and examination to explore contradictions and opposing viewpoints, often used in therapy to encourage insight.

Counterconditioning

A behavior therapy technique that involves replacing an unwanted response to a stimulus with a wanted response.

Mindfulness

A mental state achieved by focusing one’s awareness on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.